Coastal regions around the globe are a major source for anthropogenic aerosols in the atmosphere, but the underlying surface characteristics are not favorable for the Moderate Resolution Imaging Spectroradiometer (MODIS) algorithms designed for retrieval of aerosols over dark land or open-ocean surfaces. Using data collected from 62 coastal stations worldwide from the Aerosol Robotic Network (AERONET) from approximately 2002-2010, accuracy assessments are made for coastal aerosol optical depth (AOD) retrieved from MODIS aboard Aqua satellite. It is found that coastal AODs (at 550 nm) characterized respectively by the MODIS Dark Land (hereafter Land) surface algorithm, the Open-Ocean (hereafter Ocean) algorithm, and AERONET all exhibit a log-normal distribution. After filtering by quality flags, the MODIS AODs respectively retrieved from the Land and Ocean algorithms are highly correlated with AERONET (with R(sup 2) is approximately equal to 0.8), but only the Land algorithm AODs fall within the expected error envelope greater than 66% of the time. Furthermore, the MODIS AODs from the Land algorithm, Ocean algorithm, and combined Land and Ocean product show statistically significant discrepancies from their respective counterparts from AERONET in terms of mean, probability density function, and cumulative density function, which suggest a need for future improvement in retrieval algorithms. Without filtering with quality flag, the MODIS Land and Ocean AOD dataset can be degraded by 30-50% in terms of mean bias. Overall, the MODIS Ocean algorithm overestimates the AERONET coastal AOD by 0.021 for AOD less than 0.25 and underestimates it by 0.029 for AOD greater than 0.25. This dichotomy is shown to be related to the ocean surface wind speed and cloud contamination effects on the satellite aerosol retrieval. The Modern Era Retrospective-Analysis for Research and Applications (MERRA) reveals that wind speeds over the global coastal region 25 (with a mean and median value of 2.94 meters per second and 2.66 meters per second, respectively) are often slower than 6 meters per second assumed in the MODIS Ocean algorithm. As a result of high correlation (R(sup 2) greater than 0.98) between the bias in binned MODIS AOD and the corresponding binned wind speed over the coastal sea surface, an empirical scheme for correcting the bias of AOD retrieved from the MODIS Ocean algorithm is formulated and is shown to be effective over the majority of the coastal AERONET stations, and hence can be used in future analysis of AOD trend and MODIS AOD data assimilation.